Exhibit 12.1
 Bancorp Rhode Island, Inc.
Computation of Earnings to Fixed Charges
(In Thousands)
 NineMonthsEndedSeptember 30,
    
    
    Years Ended December 31,2009
    
    
    2008
    
    
    2007
    
    
    2006
    
    
    2005
    
    
    2004Ratio 1: including deposit interestEarnings:Income before income taxes
    
    $
    6,443
    
    
    $
    13,571
    
    
    $
    13,304
    
    
    $
    11,287
    
    
    $
    14,409
    
    
    $
    12,910Fixed charges
    
    
    21,382
    
    
    
    35,388
    
    
    
    45,312
    
    
    
    39,480
    
    
    
    27,060
    
    
    
    19,966Total
    
    
    27,825
    
    
    
    48,959
    
    
    
    58,616
    
    
    
    50,767
    
    
    
    41,469
    
    
    
    32,876Fixed charges:Interest-bearing demand
    
    
    45
    
    
    
    162
    
    
    
    391
    
    
    
    356
    
    
    
    590
    
    
    
    1,172Money market accounts
    
    
    192
    
    
    
    69
    
    
    
    135
    
    
    
    161
    
    
    
    235
    
    
    
    213Savings accounts
    
    
    2,720
    
    
    
    7,042
    
    
    
    11,028
    
    
    
    7,929
    
    
    
    4,734
    
    
    
    3,899Certificate of deposit accounts
    
    
    9,069
    
    
    
    14,306
    
    
    
    17,676
    
    
    
    14,030
    
    
    
    8,962
    
    
    
    5,638Other borrowings
    
    
    8,441
    
    
    
    12,402
    
    
    
    14,087
    
    
    
    15,038
    
    
    
    10,826
    
    
    
    7,662Subordinated debentures
    
    
    564
    
    
    
    949
    
    
    
    1,509
    
    
    
    1,460
    
    
    
    1,272
    
    
    
    1,041Portion of rents representative of the
interest factor (1/3) of rental expense
    
    
    351
    
    
    
    458
    
    
    
    486
    
    
    
    506
    
    
    
    441
    
    
    
    341Total fixed charges
    
    $
    21,382
    
    
    $
    35,388
    
    
    $
    45,312
    
    
    $
    39,480
    
    
    $
    27,060
    
    
    $
    19,966Ratio of earnings to fixed charges (times)
    
    
    1.30
    
    
    
    1.38
    
    
    
    1.29
    
    
    
    1.29
    
    
    
    1.53
    
    
    
    1.65Ratio 2: excluding deposit interestEarnings:Income before income taxes
    
    $
    6,443
    
    
    $
    13,571
    
    
    $
    13,304
    
    
    $
    11,287
    
    
    $
    14,409
    
    
    $
    12,910Fixed charges
    
    
    9,356
    
    
    
    13,809
    
    
    
    16,082
    
    
    
    17,004
    
    
    
    12,539
    
    
    
    9,044Total
    
    
    15,799
    
    
    
    27,380
    
    
    
    29,386
    
    
    
    28,291
    
    
    
    26,948
    
    
    
    21,954Fixed charges:Other borrowings
    
    
    8,441
    
    
    
    12,402
    
    
    
    14,087
    
    
    
    15,038
    
    
    
    10,826
    
    
    
    7,662Subordinated debentures
    
    
    564
    
    
    
    949
    
    
    
    1,509
    
    
    
    1,460
    
    
    
    1,272
    
    
    
    1,041Portion of rents representative of the interest factor (1/3) of rental expense
    
    
    351
    
    
    
    458
    
    
    
    486
    
    
    
    506
    
    
    
    441
    
    
    
    341Total fixed charges
    
    $
    9,356
    
    
    $
    13,809
    
    
    $
    16,082
    
    
    $
    17,004
    
    
    $
    12,539
    
    
    $
    9,044Ratio of earnings to fixed charges (times)
    
    
    1.69
    
    
    
    1.98
    
    
    
    1.83
    
    
    
    1.66
    
    
    
    2.15
    
    
    
    2.43